Saudi Stock Exchange Appoints HSBC Saudi Arabia Financial Advisor for its IPO

Proshare

Friday, May 06, 2016 9.43AM / News

In accordance with the Saudi Stock Exchange 's (Tadawul) intitative to increase transparency around the process of transition to a public company, Tadawul is pleased to announce the appointment of HSBC Saudi Arabia Limited as the financial advisor responsible for managing the company 's initial public offering.

The appointment of a financial advisor is an important milestone in the beginning of the IPO journey which is planned to take place by 2018 after obtaining the necessary approvals.

 

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